2020 Interim Tax By-law Implications for Residents

The General Government Committee received Report FND-030-19 regarding the 2020 Interim Tax By-law during its meeting on November 25, 2019. The committee approved the by-law as attached to the report. The report outlines that the interim tax rates for 2020 will be set at 50% of the previous year's final tax rates. This means that residents can expect their interim tax bills to reflect half of what they paid in 2019. The interim tax bills will be issued in January 2020, and the due date for payment will be set for February 2020. This adjustment is intended to assist residents in managing their financial planning for the upcoming tax year.